bike 2 work


What Can I Buy that qualifies?

  • Bicycle
  • Cycle helmets which conform to European Standard EN 1078
  • Bells and bulb horns
  • Lights, including dynamo packs
  • Mirrors and mudguards
  • Cycle clips and dress guards
  • Panniers, luggage carriers and straps to allow luggage to be safely carried
  • Locks and chains to ensure the cycle can be safely secured
  • Pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs
  • Reflective clothing along with front reflectors and spoke reflectors

salary before tax

Cost of Bike and Accessories

How Much Can I Save?

Your Savings:

Reduction in Tax:

Reduction in PRSI:

Reduction in USC:

Total Savings:

Cost of Bike:

Employer Savings:

Reduction in PRSI:

This example is based on a single person who has no additional tax credits. The savings you will make may vary depending on your tax credits, reliefs, and exemptions; or if you are a public servant. Please check your payslip to see the marginal tax rate at which you are paying PAYE, PRSI and USC.


Some FAQ about The Cycle To Work Scheme

  • What is the purpose of the scheme?
  • When did the scheme come into effect?
  • What are the benefits of the scheme for employees/directors?
  • What are the benefits of the scheme for employers?
  • What is a qualifying journey?
  • Can home-based employees avail of the scheme?
  • Can I avail of both the Travel Pass/TaxSaver Commuter Ticket and Cycle to Work schemes?
  • Are employees availing of the scheme liable to benefit-in-kind taxation?
  • What items may be purchased under the scheme?
  • Can employees choose the bicycle/safety equipment themselves?
  • How does the scheme work?
  • Is the employer subject to audit or inspection in relation to the program?
  • If the employer has failed to implement the scheme properly what are the consequences?
  • Under a salary sacrifice arrangement, how long do I have to repay the cost?
  • What happens if I leave my employment or retire before the salary sacrifice is completed?
  • Do all employers have to participate in the scheme?
  • How often can an employee avail of the scheme?
  • What if the bicycle is stolen?
  • Who purchases the bicycle/cycle equipment?
  • What about delivery charges?
  • Are there limits on where bicycle/safety equipment may be bought?
  • Are mopeds/scooters covered by the scheme?
  • Does the scheme apply to second-hand bicycles and/or safety equipment?
  • Does the scheme apply to bicycle parts rather than a whole bicycle?
  • Will the exemption apply where an employer purchases safety equipment only?
  • Is there a minimum threshold on the amount of days a bicycle must be used?
  • Is anything other than bicycles or safety equipment eligible under the scheme?
  • Are directors eligible for the scheme?
  • What records do employers need to keep for Revenue?
  • Can an employee avail of the exemption where an employer spends in excess of €1000?
  • What about VAT when expenditure exceeds €1000?
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